Saturday, March 2

Tag: online ticket booking

Tiqets Raises $60 Million Led by Airbnb
FUNDING

Tiqets Raises $60 Million Led by Airbnb

AMSTERDAM, 31st Oct 2019-- Platforms for booking tickets for museums and attractions Tiqets raises Series C financing of $60 million led by Airbnb with continued support from prior lead investors Investion and HPE Growth Capital. Tiqets operates in 60+ countries and connected millions of people to thousands of venues. With this new funding, Tiqets plans to invest in initiatives that accelerate its growth, build richer experiences for customers, and create better tools for its venue partners all in line with its vision of making culture more accessible for all. “Travelers are seeking out a diverse range of experiences when they visit a new city,” said Airbnb Art and Culture Director Philippe Magid. “The Tiqets team has effectively used new technology to connect travelers to commu...
Railyatri Operations are Unauthorised: Delhi HC
INDIA

Railyatri Operations are Unauthorised: Delhi HC

The Delhi High Court today dismissed the writ petitions filed by Stelling Technologies, which owns and manages the online train ticket booking portal 'railyatri.in' providing service related to rail journeys. The Indian Railway Catering and Tourism Corporation(IRCTC) had cracked whip on the Retail Service Providers(RSP) who were associated with RailYatri by deactivating their access credentials to the IRCTC site. According to the IRCTC, the services by RailYatri were unauthorized, and the RSPs, by associating with it, had violated their contractual terms with IRCTC. The IRCTC said that it is the only entity authorized by the Ministry of Railways to supply e-tickets, and that RSPs are delegated agents of the IRCTC, who cannot enter into further transactions with third-party enti...
MakeMyTrip to Raise $330 million From Ctrip and Naspers
FUNDING

MakeMyTrip to Raise $330 million From Ctrip and Naspers

Online travel firm MakeMyTrip today said it will raise $330 million (over Rs 2,115 crore) through share sale to investors as well as to Ctrip and Naspers’ arm MIH Internet, to fund expansion. The company has entered into share purchase agreements with undisclosed investors for placement of its ordinary shares, which is expected to generate gross proceeds of $165 million. The company will issue 4,583,334 ordinary shares in aggregate to investors at $36 per scrip. Moreover, it has also signed share purchase agreements with Nasdaq-listed Ctrip.com International Ltd and MIH Internet SEA Pte Ltd, a subsidiary of Naspers Ltd for issuance of the company’s ordinary shares and Class B convertible ordinary shares respectively. Under the agreement, MakeMyTrip will issue 9,16,666 ordinary ...
Musafir.com Launch It’s Technology Center in Pune
News

Musafir.com Launch It’s Technology Center in Pune

Musafir.com, one of the leading OTAs in India, today announced the launch of its third technology center in Pune. Musafir.com is looking to double its technology team by the end of the year. The Pune center will complement the technology and product teams that are already operating out of centers in Mumbai and UAE. Technology is at the heart of the aggressive business strategy being pursued by Musafir.com. "Musafir.com was founded with the promise of a stellar user experience backed by the best technology. The establishment of our third technology center in Pune reinforces our commitment to this promise. Our aim is to double the strength of our engineering team by the end of the year, and herald a new generation of innovative user experiences for our travellers," said Albert Dia...
BookMyShow Picks Up 75% Stake in Pune Based Townscript
ACQUISITION

BookMyShow Picks Up 75% Stake in Pune Based Townscript

Entertainment ticketing platform BookMyShow today said it has bought 75 per cent stake in Pune-based Townscript for an undisclosed amount. Founded in 2014 by Sachin Sharma and Sanchit Malik, Townscript is a DIY (do it yourself) event registration and ticketing platform that allows users to set up events like workshops, conferences and exhibitions. Its platform has already facilitated 12,000 such events across major cities as well as smaller cities like Ludhiana and Jaipur. "With this investment, we now have a majority stake in Townscript and we plan to help them take lead in this category while empowering small and medium event organisers over a marketplace model," Ashish Hemrajani, CEO and co-founder at BookMyShow, said. "We will use the investment primarily for improving the prod...